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Rasna creator Areez Pirojshaw Khambatta awarded ‘Padma Shri’

Kolkata: Late Areez Pirojshaw Khambatta, Founder and Chairman of Rasna Group, has been awarded the Padma Shri (Posthumous), 2023, for his work in Trade and Industry in the state of Gujarat.

Pohela Boisakh: Amazon.in launches specially curated shopping store

Kolkata: Double up your excitement and celebration this festive season as Amazon.in brings to you it's specially curated ‘Pohela Boishakh shopping store’ that offers a wide selection of products to address the varied shopping needs of customers celebrating Bengali new year.

Cabinet approves revised domestic gas pricing guidelines, natural gas price set at 10 pct of Indian Crude Basket monthly average

New Delhi/IBNS: The Cabinet Committee on Economic Affairs, chaired by Prime Minister Narendra Modi has approved the revised domestic natural gas pricing guidelines for gas produced from nomination fields of ONGC and other legacy old fields.

ICICI Securities appoints Pratik Loonker as Head of Institutional Syndication

Mumbai: ICICI Securities Thursday said it has appointed Pratik Loonker as the Head of Institutional syndication of the organisation.

UPI emerges as the second most preferred repayment method for digital loans: CASHe Report

Kolkata: UPI emerged as the second most preferred repayment method after e-NACH for borrowers on CASHe, a credit-led, AI-driven financial wellness platform.

YES Bank appoints Archana Shiroor as designate Chief Human Resources Officer (CHRO)

Mumbai/IBNS: YES BankThursday appointed Archana Shiroor as its designate Chief Human Resources Officer (CHRO).

TVS SCS bags contract from the UK Ministry of Defence for Land Rover spares

Chennai: TVS Supply Chain Solutions today said that it has won a contract for the supply of spares, consumables and accessories for the Land Rover Wolf Platform from the UK Ministry of Defence (MOD), acting through its Agent, Babcock Land Defence Ltd.

In relief for borrowers, RBI keeps repo rate unchanged at 6.5%

Mumbai/UNI: In a respite for borrowers, the Reserve Bank of India's (RBI) monetary policy committee (MPC) on Thursday decided to keep the policy repo rate unchanged at 6.5 per cent.

Bridgestone's Potenza Sport tyre chosen exclusive tyre partner for Lamborghini Revuelto

Brussels: Bridgestone has been chosen by Lamborghini as its exclusive tyre partner for the new Revuelto, Lamborghini’s first-ever super sports V12 HPEV (High Performance Electrified Vehicle).

India, Russia trade surpassing records: Russian trade official

New Delhi/UNI: President of the Russian Chamber of Commerce and Industry Sergey Katyrin said today that trade between the two nations is "breaking records". At the end of 2022, bilateral trade reached a record high of $35.3 billion, which is 2.5 times more than in 2021, he noted.

RBI MPC meet: Rate setting panel to announce decision on key lending rates on Thursday

Mumbai: The Reserve Bank of India is expected to declare another increase in interest rates on Thursday, as part of its bi-monthly review of monetary policy, said reports.

Religare Enterprises to acquire MyInsuranceClub to expand into insurance distribution

New Delhi: Financial services company Religare Enterprises Ltd (REL) has signed a Share Purchase Agreement for the proposed acquisition of insurance web aggregator MyInsuranceClub (MIC) from iGear Holdings Private Limited, a part of The Indian Express Group, according to a company statement.

WTO predicts a meagre 1.7 pc growth in world trade in 2023

The global uncertainties are likely to impact economic activities significantly, World Trade Organization (WTO) said on Wednesday and predicted the growth in world trade to increase by merely 1.7 percent in 2023. 

Adani Ports reports 9 pc growth in FY23, largest port cargo volume ever

Ahmedabad/IBNS: Adani Ports and Special Economic Zone Ltd (APSEZ) has reported a 9 percent growth in cargo handling in the seaports it runs for FY23 ended March 31.

Reliance Retail launches omni-channel beauty retail platform 'Tira'

Mumbai: Reliance Retail Limited on Wednesday said it has launched Tira, an omni-channel beauty retail platform that offers a seamless and personalized shopping experience to beauty enthusiasts across India.

Tsutsumu Otani to be new President, CEO & MD of Honda Motorcycle and Scooter India

Mumbai/IBNS: Honda Motor Company Ltd announced on Wednesday that Tsutsumu Otani will be taking on new responsibility as the president, chief executive officer and managing director of Honda Motorcycle & Scooter India.

Over Rs 40,600 cr sanctioned to over 1,80,630 accounts in 7 yrs under grassroots entrepreneurship scheme: FM Sitharaman

New Delhi/IBNS: The government has sanctioned over Rs 40,600 cr in the last seven years under Stand-Up India (SUPI) Scheme aimed at promoting entrepreneurship at the grassroots level focusing on economic empowerment and job creation.

Kotak General Insurance partners with actyv.ai to provide insurance products to MSMEs

Kolkata: Kotak Mahindra General Insurance Co. Ltd (Kotak General Insurance) on Wednesday announced that it has partnered with actyv.ai to offer bite-sized insurance products to new-age Micro, Small and Medium Enterprises (MSME) companies. 

Indian economy continues to show resilience amid global uncertainties: World Bank

New Delhi: India’s growth continues to be resilient despite some signs of moderation in growth, says the World Bank in its latest India Development Update, the World Bank India’s biannual flagship publication.

After Lithium in J&K, large deposits of 15 rare earth elements found in Andhra Pradesh

Hyderabad: National Geophysical Research Institute has discovered significant deposits of 15 rare earth elements (REE) in Andhra Pradesh's Anantapur district, TOI reported on Tuesday.

RBI should stop hiking the key lending rate further: Assocham Prez Ajay Singh

Mumbai: The Reserve Bank of India (RBI) should stop hiking the key lending rate in view of the current uncertainties in the global business environment, Assocham President and SpiceJet CEO Ajay Singh said on Tuesday.

Adani JV in talks with banks for first credit in dollars since Hindenburg report: Report

Mumbai: Adani Group is in talks with at least half a dozen banks for a loan of about $220 million, its first since the negative by US-based short-seller Hindenburg Research last January, Bloomberg reported.

Demand for tax professionals on the rise: Report

Kolkata/IBNS: According to the report, the demand for finance professionals is driven by the resumption of economic activities post-COVID, and the critical time for tax returns is from January to June.

Rs 30 crores disbursed during FY 23 under PLI Scheme for drones and drone components: Centre

New Delhi/IBNS: The Ministry of civil aviation has disbursed nearly Rs 30 crores to the beneficiaries during FY 2022-23 under the PLI Scheme for drones and drone components, an official statement said on Tuesday.

Kolkata Port achieves all-time high cargo ( 65.66 MT) handling in 2022-23

Kolkata: Syama Prasad Mookerjee Port (SMP), Kolkata achieved an all-time high cargo handling with 65.66 million tonnes (MT) of shipments in 2022-23, recording a 12.87 percent high from the previous mark of 58.175 million tones in 2021-22, company chairman PL Haranath said on Tuesday.

IHCL wins Golden Peacock National Training Award, 2023

Mumbai/IBNS: Tata-owned hospitality company Indian Hotels Company (IHCL) bagged top honours for training at the Golden Peacock Awards, 2023.

Iron ore: NMDC's prodn crosses 41 MT for second consecutive fiscal

New Delhi/IBNS: India’s largest iron ore producer, NMDC crosses 41 Million Tonne (MT) production of iron ore for the second fiscal in a row, the Ministry of Steel said on Tuesday.

LVMH boss tops Elon Musk to become Forbes' richest man of 2023

Paris: French luxury goods tycoon Bernard Arnault, who heads mega-corporation LVMH Moet Hennessy Louis Vuitton (LVMH), has edged US entrepreneur Elon Musk out of the top of Forbes' list of the world's richest billionaires this year, the magazine reported on Tuesday.

Indian smartphone industry gaining momentum: Reports

Industry experts believe that Indian smartphone export is likely to have crossed USD 10 billion (over Rs 82,000 crore) in the just-ended financial year 2023.

India, Malaysia can now settle their trade in Indian Rupee

New Delhi: India and Malaysia can now settle their trade in Indian Rupee (INR) in addition to the current modes of settlement in other currencies, the government announced on Saturday.